Overview
Status | Care and Maintenance |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
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Production Start | ... |
Shine Iron Ore Mine – Operational iron ore mine currently on care and maintenance. In October 2021 the Mount Gibson (previous owner) announced a staged suspension of operations to preserve the value of the Shine deposit and provide time to assess the iron ore market outlook.
The acquisition of Mount Gibson’s Mid-West assets (Shine Iron Ore Mine, Extension Hill Iron Ore Mine, rail and port) provides Fenix the opportunity to potentially re-commission the Shine Iron Ore Mine as an additional production asset, with a 15 million tonne increase in iron ore resource base offering the potential to market high quality blended iron ore products.
Fenix intends to investigate the potential to blend Shine ore with ultra-high grade, low impurity ore from Iron Ridge, subject to ongoing offtake discussions. |
Source:
p. 8
On 24 July 2023, Fenix Resources Ltd. announced that it had completed the acquisition of Mount Gibson’s Shine Mine.
Contractors
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Summary:
The Shine Hematite and Magnetite deposit is located within the Warriedar Fold Belt which is part of the Archaean Yalgoo-Singleton greenstone belt. The deposit is located along a north-northwest trending sub-vertical 50-120m wide banded iron formation (BIF) of the Windanning Formation which is part of the Luke Creek Group.
The BIF forms a prominent ridge which is approximately 50m to 90m wide in the Shine area. A sequence of mafic, ultramafic and pelitic sediments bounds the BIF to the east while a talc-rich ultramafic schist dominates west of the BIF. Where the BIF does not outcrop, it is covered by lateritic or colluvial material. The iron mineralisation (goethite, hematite and magnetite) is strata bound occurring only within the BIF unit.
The host Banded Iron Formation of the Shine iron mineralisation is sub-vertical and dips to the west at approximately -85o.
The iron mineralisation has been interpreted based on a mixture of Fe threshold grades and the geological and geophysical logging. Iron mineralisation occurs as hematite-goethite in the upper portions of the BIF, with magnetite occurring at depth below the base of oxidation which is approximately 100m below surface.
The boundary between the hematite and magnetite is interpreted to occur over a relatively narrow zone (a few metres) and as such no transitional zone was modelled. An east-west striking, shallow dipping, narrow dolerite dyke is interpreted which stopes out th ........
Summary:
It is assumed the deposit will be mined using open cut methods.
Typical small scale open pit mining methods are appropriate for the deposit. The inter-ramp slope angles are 47° with batter heights of 20m and face angles of 60°. Berm widths are 8m. A 0.5m dilution skin has been applied to the mining model to reflect dilution.
A minimum mining width of 20m is used. The Project assumes road haulage from the mine to the port in Geraldton (300km). The Project is dependent on an existing port facility.
Clearing of the Shine open pit footprint was completed in February followed by the commencement of blasting and mining of overburden in late March 2021. First ore was mined and stockpiled in early April. Total material movement amounted to 1.9 Mwmt since the commencement of mining, including approximately 55,000 wmt of sales-grade ore.
Source:
Summary:
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Reserves at June 30, 2022:
Shine hematite and magnetite Mineral Resources are roperted at 50% Fe cut-off grade.
The Shine project in the Mid-West retains its Mineral Resource Estimate (15.1Mt at 58.2% Fe), with the Ore Reserve removed given the project’s current care and maintenance status.
Category | Tonnage | Commodity | Grade |
Measured
|
5.1 Mt
|
Iron
|
59.2 %
|
Indicated
|
6.3 Mt
|
Iron
|
58.1 %
|
Inferred
|
3.6 Mt
|
Iron
|
56.9 %
|
Total Resource
|
15.1 Mt
|
Iron
|
58.2 %
|
Mine Management:
Job Title | Name | Profile | Ref. Date |
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Oct 31, 2023
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